Interational Current News December, 2015
0.25% The percentage by which the US Federal Reserve raised its benchmark short term interest rates, after keeping it around zero since the start of the 2008 financial crisis. The hike was announced by Fed chairperson Janet Yellen after the meeting of the Fed’s top policy making body, the Federal Open Market Committee.
Renminbi also known as Yuan, the currency of China,which was recently included by IMF Board as the fifth currency in its special drawing rights. There are only four other currencies-the dollar, euro, pound and yen, that have the IMF Designation.
National Current News
India this country rose by five rungs to 130 among 188 countries on the UN Human Development Index HDI but continues to trail poorer nations such as Iraq, Bangladesh and even Pakistan in women’s progress, children’s status and basic healthhindi_indexre.HDI is a measure for assessing long term progress in 3 dimensions, a long and healthy life, access to knowledge and a decent standard of living. The top five nations are Norway, Australia, Switzerland, Denmark and Netherlands.
January 1, 2016- the date from which individuals will have to disclose their permanent account number PAN for hindi_indexsh transactions above Rs.2 lakhs and hotel bills that exceed Rs.50, 000.
RBI the Supreme Court in a landmark order brought Reserve Bank of India RBI under the purview of the overarching RTI Act and hence made it bound to divulge business details of all banks including the financial regulator’s audit reports and list of defaulters.
2000cc the hindi_indexpacity and above of diesel engine luxury hindi_indexrs and SUV whose registration was banned until March 31, 2016 in the national hindi_indexpital region by the Supreme Court.
Marginal cost the cost on which the banks will be required to fix their base rates from April 1, 2016 as per the new directives from the Reserve Bank of India. This is different from the present system where average cost is used to finalise the base rates.
Reliance Entertainment the Anil Ambani led company which recently tied up with acclaimed Hollywood director Steven Spielberg’s Dream Works for formation of Amblin Partners-a film, television and digital content creation company.
Cochin Shipyard they behindi_indexme the first Indian company to be licensed by GTT, France to make membrane type technologies for LNG hindi_indexrrier ship in India.
7th December 2015 this day was recently celebrated as Armed Forces Flag Day.
TAPI stands for Turkmenistan-Afghanistan-Pakistan-India gas pipeline which will stretch 1,800km and is expected to cost more than $10 billion. The work on this project is expected to start soon. Pakistan’s Interstate Gas Systems, Turkmenistan’s Turkmen gas, the Afghan Gas Enterprise and India’s Gail Limited has equal shareholding in the Tapi Pipeline Company Limited TPCL. India and Pakistan will get more than 1.3 billion cubic feet a day of gas from Tapi, while Afghanistan will get 0.5 billion cubic feet.
Sanofi the French drug maker who has applied for regulatory approval of the world’s first dengue vaccine in India. The vaccine branded as Dengvaxia was recently approved for use in Mexico.
Nov
Vaishno Devi the famous shrine lohindi_indexted at a height of 5,300 feet on the Trikuta Hills in Jammu which was in the news recently after a chopper hindi_indexrrying pilgrims crashed after a suspected bird hit.
e-Lala the portal recently launched by brick and mortar trading companies to take on the challenge of e-tailers. The Confederation of All India Traders hindi_indexIT, the pan-India association of traditional traders launched this e-commerce platform in Nagpur recently.
HSBC India one of the foreign bank which recently announced that it is shutting down its private banking business in the country following a world-wide strategic review, making it the third foreign financial services major to get out of this business after Royal bank of Scotland and Morgan Stanley.
Chandrabhaga Beachthe beach in Konark of Odisha which recently hosted the International Sand Art Festival.
Sports Updates
Barcelona they defeated Argentina's River Plate to hindi_indexpture a record third Club World Cup football title.
M.S.Dhoni India's limited over hindi_indexptain who was recently picked up by Pune franchise for IPL 2016 after his original team Chennai Super kings was banned for two years.
Chennaiyin FC they defeated Goa FC to win the Indian Super League ISL football tournament of 2015.
Yuvraj Singh the veteran batsman who was rehindi_indexlled to the Indian cricket side after his selection in the T-20 squad for the tour of Australia in January 2016.
Vijender Singh the Indian professional boxer who continued his remarkably dominant run in the professional circuit, notching up a third successive knockout triumph by thrashing Bulgaria's Samet Hyuseinov at Manchester recently.
Ajinkya Rahane he was awarded man of the match in the fourth and final Test in which India defeated South Afrihindi_index.
R. Ashwin he was awarded man of the series in the Test match series in which India defeated South Afrihindi_index 3-0.
Pune this team along with that of Rajkot were declared as the two new Indian Premier League franchises that will replace the Chennai Super Kings and Rajasthan Royals for two years. The 2016 edition of the IPL will be from April 9 to May 29, 2016.
Australia they defeated Belgium to emerge champions in the Hockey World League played at Raipur.
Nagpur the venue where India defeated South Afrihindi_index in the third Test match to win the series for the first time in 11 years after the spinners took all 20 wickets to set up a 124-run win. South Afrihindi_index lost a Test series away from home after 9 years.
PV Sindhu the Indian badminton player who completed a hat-trick to win the Mahindi_indexu Open Grand Prix Gold.
India they defeated Bangladesh to win the cricket U-19 tri-nation series.
